Freeport could cut more output, spending if copper price drops

Phoenix-based Freeport-McMoRan Copper & Gold is prepared to make further cuts to production if copper prices fall sharply, or if input costs are higher than expected, CEO Richard Adkerson said on Monday. Speaking at a Florida conference hosted...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Freeport takes a pounding on cutbacks, dividend suspension

Shares in Phoenix-based Freeport-McMoRan Copper & Gold dropped 17% on Wednesday, after the company said it would cut capital spending in half, reduce copper output and suspend its dividend until market conditions improve. Freeport is the world's...

Freeport-McMoRan defers expansions as falling copper gnaws at margins

Arizona-based Freeport-McMoRan Copper & Gold will defer mine expansions and put off restarting at least one operation, as it adjusts to slumping commodity prices, the group confirmed on Tuesday. Copper prices have fallen from above $4/lb in May...

Freeport-McMoRan considers big expansion at Peru mine, seriously exploring all assets

Arizona-based Freeport-McMoRan Copper & Gold believes it can double the reserves at its Cerro Verde copper and molybdenum mine, in Peru, and is considering a large expansion to boost milling capacity at the operation. Freeport, which acquired...

Freeport McMoRan unveils plans to boost copper, moly output

US miner Freeport-McMoRan Copper & Gold plans to spend $400-million on “incremental” expansion at four of its mines in the US and Peru, and will study prospects for larger expansions at the operations, which it acquired when it...

Latest copper production cuts

The world’s major copper producers are contiuing to seriously curtail their output in a bid to counter weak demand and prop up prices, which recently fell to their lowest levels since 1987. Following is an overview of production cuts in the...

Latest copper production cuts

The world’s major copper producers are contiuing to seriously curtail their output in a bid to counter weak demand and prop up prices, which recently fell to their lowest levels since 1987. Following is an overview of production cuts in the...

More copper production cuts announced

The world’s major copper producers have begun to seriously curtail their output in a bid to counter weak demand and prop up prices, which recently fell to their lowest levels since 1987.

Copper cuts could help molybdenum

A wave of output cuts by copper-miners should also help to reduce oversupply of molybdenum in the longer term, but the short-term impact on prices will be slight, traders said.

A thumbnail of world copper cuts

The world’s major copper producers have begun seriously to curtail their output in a bid to counter weak demand and prop up prices, which have fallen to their lowest levels since 1987.